{"id":105893,"date":"2019-04-09T06:00:20","date_gmt":"2019-04-08T23:00:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/ck-asset-to-extend-leases-to-18-months-for-selected-rooms-at-four-hotels-as-rental-market-softens\/"},"modified":"2019-04-09T07:02:53","modified_gmt":"2019-04-09T00:02:53","slug":"ck-asset-to-extend-leases-to-18-months-for-selected-rooms-at-four-hotels-as-rental-market-softens","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ck-asset-to-extend-leases-to-18-months-for-selected-rooms-at-four-hotels-as-rental-market-softens\/","title":{"rendered":"CK Asset to extend leases to 18-months for selected rooms at four hotels as rental market softens"},"content":{"rendered":"


\nCK Asset Holdings, which is headed by retired tycoon Li Ka-shing\u2019s elder son Victor Li Tzar-kuoi, will extend leases for 50 rooms at four of its hotels to 18 months from a year, amid signs that the residential rental market is trending downward.CK Asset said the offer would allow tenants to lock in a fixed fee under a longer lease term.The move comes as Hong Kong\u2019s residential rental index fell to an eight-month low in March. Average rents in March were down 2.8 per cent from a peak in October\u2026
\n
\nSource : South China Morning Post
\nRead more…CK Asset to extend leases to 18-months for selected rooms at four hotels as rental market softens<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

CK Asset Holdings, which is headed by retired tycoon Li Ka-shing\u2019s elder son Victor Li...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-105893","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rxX","jetpack-related-posts":[{"id":121296,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ck-asset-to-convert-some-hotels-into-residential-units-to-make-most-of-decline-in-hospitality-sector-rise-in-home-prices\/","url_meta":{"origin":105893,"position":0},"title":"CK Asset to convert some hotels into residential units to make most of decline in hospitality sector, rise in home prices","date":"August 6, 2021","format":false,"excerpt":"\r CK Asset Holdings will convert some of its hotels for residential use amid a decline in the hospitality sector thanks to the Covid-19 pandemic and a record rise in the city\u2019s home prices.\r\rVictor Li Tzar-kuoi, the company\u2019s chairman and managing director, stated publicly for the first time on Thursday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103212,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/owners-of-underperforming-hotels-see-redevelopment-as-a-quick-fix-to-citys-housing-woes-after-ck-assets-proposal\/","url_meta":{"origin":105893,"position":1},"title":"Owners of underperforming hotels see redevelopment as a quick fix to city\u2019s housing woes after CK Assets\u2019 proposal","date":"January 23, 2019","format":false,"excerpt":"\r An increasing number of hotel owners in Hong Kong\u2019s non-core areas are considering rebuilding their property into residential use while viewing it as a quick fix for the city\u2019s perennial housing shortfall, following CK Asset Holdings\u2019 proposal to redevelop its 1,100 room hotel into a housing project. \u201cWhy on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116355,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/li-ka-shings-ck-asset-issues-first-profit-warning-as-hong-kong-and-uk-businesses-suffer-ck-hutchison-says-retail-earnings-might-be-halved-this-year\/","url_meta":{"origin":105893,"position":2},"title":"Li Ka-shing\u2019s CK Asset issues first profit warning as Hong Kong and UK businesses suffer, CK Hutchison says retail earnings might be halved this year","date":"May 14, 2020","format":false,"excerpt":"\r Hong Kong-based conglomerate CK Asset Holdings issued a profit warning on Thursday, its first since it was listed in 2015 as part of a restructure of Hong Kong tycoon Li Ka-shing\u2019s Cheung Kong Holdings.The company said lower property sales and negative contribution from its hotels division, as well as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90746,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-giant-ck-asset-to-redevelop-centrals-hutchison-house-as-valuations-soar\/","url_meta":{"origin":105893,"position":3},"title":"Hong Kong property giant CK Asset to redevelop Central\u2019s Hutchison House as valuations soar","date":"June 7, 2018","format":false,"excerpt":"\r Hong Kong property giant CK Asset Holdings plans to redevelop its 44-year-old Hutchison House office tower in the city\u2019s Central district, a move that could triple the property\u2019s value in the latest reshuffle of assets by the conglomerate after the retirement of its billionaire founder, Li Ka-shing. Three people\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83519,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ck-asset-plans-to-turn-its-hotel-in-hung-hom-into-two-office-towers\/","url_meta":{"origin":105893,"position":4},"title":"CK Asset plans to turn its hotel in Hung Hom into two office towers","date":"March 23, 2018","format":false,"excerpt":"\r Li Ka-shing\u2019s Cheung Kong Asset Holdings has applied to turn one of its hotels in Hung Hom into two office buildings, as interest in the area\u2019s commercial property among mainland firms increases. The plan was made public on Thursday when Hong Kong\u2019s Buildings Department released a batch of plans\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117952,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/li-ka-shings-ck-asset-makes-us492-million-from-sale-of-chengdu-development-as-it-pulls-back-from-china\/","url_meta":{"origin":105893,"position":5},"title":"Li Ka-shing\u2019s CK Asset makes US$492 million from sale of Chengdu development as it pulls back from China","date":"July 24, 2020","format":false,"excerpt":"\r Li Ka-shing\u2019s CK Asset Holdings has sold a mixed residential and commercial project in Chengdu for US$1.02 billion, the latest mainland China asset disposal of the group.\r\rThe company said in an exchange filing late on Thursday that Chengdu Le Parc in the capital of southwestern Sichuan province was sold\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105893"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=105893"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105893\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=105893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=105893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=105893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}